financetom
Technology
financetom
/
Technology
/
Brent oil price forecast update 03-05-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brent oil price forecast update 03-05-2024
May 3, 2024 7:26 AM

Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, motivated by the negative overlapping signal provided by stochastic now, waiting to visit 82.40$ as a next main target, taking into consideration that breaching 84.77$ followed by 85.80$ levels will stop the bearish wave and lead the price to turn to rise.

The expected trading range for today is between 82.60$ support and 85.80$ resistance.

Trend forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
American Stocks Analysis
American Stocks Analysis
May 22, 2024
Costco Wholesale Corporations stock price (COST) returned higher in the intraday levels, confirming the breach of the pivotal resistance of $787.00, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, coupled with positive pressure from the 50-day SMA, despite settling at overbought levels. Therefore we expect more gains for...
Analyst Ratings For JFrog
Analyst Ratings For JFrog
May 22, 2024
6 analysts have expressed a variety of opinions on JFrog ( FROG ) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
American Stocks Analysis
American Stocks Analysis
May 22, 2024
American Eagle Outfitters stock price (AEO) fell in the intraday levels while trying to gather momentum and rise anew, as the stock trades near the 50-day SMA axis, with the dominance of the main upward trend in the short term, coupled with positive signals from the RSI after reaching oversold levels. Therefore we expect the stock to return higher, targeting...
Kenya Set For Digital Revolution: Microsoft And G42's Investment In AI And Cloud Infrastructure
Kenya Set For Digital Revolution: Microsoft And G42's Investment In AI And Cloud Infrastructure
May 22, 2024
Microsoft Corp. ( MSFT ) and G42, an Artificial Intelligence company, announced a significant digital investment in Kenya, partnering with the Republic of Kenya’s Ministry of Information, Communications, and the Digital Economy. The initiative includes a $1 billion investment, aimed at transforming Kenya’s digital landscape. G42 will oversee the creation of a state-of-the-art green data center in Kenya, running Microsoft Azure in a new East...
Copyright 2023-2026 - www.financetom.com All Rights Reserved